$0.96 Earnings Per Share Expected for Matador Resources (NYSE:MTDR) This Quarter

Equities analysts expect Matador Resources (NYSE:MTDR) to announce earnings of $0.96 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Matador Resources’ earnings. The highest EPS estimate is $1.17 and the lowest is $0.75. Matador Resources posted earnings of $0.10 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 860%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 26th.

On average, analysts expect that Matador Resources will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $4.18. For the next fiscal year, analysts forecast that the business will report earnings of $4.68 per share, with EPS estimates ranging from $3.81 to $6.26. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Matador Resources.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Monday, July 26th. The energy company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.35. The business had revenue of $357.43 million for the quarter, compared to analysts’ expectations of $356.18 million. Matador Resources had a negative net margin of 18.98% and a positive return on equity of 15.69%. The business’s quarterly revenue was up 468.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share.

A number of equities analysts have recently issued reports on MTDR shares. Raymond James reissued an “outperform” rating and set a $30.69 price objective (down previously from $36.00) on shares of Matador Resources in a research report on Tuesday, July 27th. Zacks Investment Research raised shares of Matador Resources from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, June 29th. Truist increased their price objective on shares of Matador Resources from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 1st. They noted that the move was a valuation call. Capital One Financial restated an “overweight” rating on shares of Matador Resources in a report on Wednesday, May 26th. Finally, MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $40.00 in a report on Friday, July 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $36.30.

Shares of MTDR stock traded up $2.01 on Friday, reaching $32.08. 21,435 shares of the company were exchanged, compared to its average volume of 1,748,975. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -18.17 and a beta of 4.80. The company has a 50-day moving average of $29.22 and a 200-day moving average of $28.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.79 and a quick ratio of 0.76. Matador Resources has a one year low of $6.29 and a one year high of $38.04.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Thursday, August 12th were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $0.10 annualized dividend and a yield of 0.31%. Matador Resources’s dividend payout ratio (DPR) is 17.86%.

In other news, CEO Joseph Wm Foran acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, August 4th. The stock was purchased at an average price of $28.04 per share, for a total transaction of $84,120.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Craig N. Adams acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 19th. The stock was purchased at an average price of $25.25 per share, with a total value of $25,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,000 shares of company stock valued at $138,700. Company insiders own 6.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MTDR. IFP Advisors Inc bought a new position in shares of Matador Resources during the 2nd quarter valued at approximately $29,000. FMR LLC bought a new position in shares of Matador Resources during the 2nd quarter valued at approximately $30,000. Marshall Wace LLP bought a new position in shares of Matador Resources during the 1st quarter valued at approximately $74,000. Harvest Fund Management Co. Ltd bought a new position in shares of Matador Resources during the 1st quarter valued at approximately $79,000. Finally, Catalyst Capital Advisors LLC bought a new position in Matador Resources in the 2nd quarter worth approximately $79,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

About Matador Resources

Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.

See Also: When is a capital gain realized?

Get a free copy of the Zacks research report on Matador Resources (MTDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Matador Resources (NYSE:MTDR)

Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.